Overview: In February 2021 Passo Fundo exported $24.3M and imported $19.3M, resulting in a positive trade balance of $4.98M. Between February 2020 and February 2021 the exports of Passo Fundo have decreased by $-20.2M (-45.4%) from $44.4M to $24.3M, while imports increased by $12.6M (187%) from $6.72M to $19.3M.
Trade: In February 2021, the top exports of Passo Fundo were Iron Ore ($1.56B), Iron Ore ($1.05B), Crude Petroleum ($902M), Soybeans ($625M), and Crude Petroleum ($464M). In February 2021 the top imports of Passo Fundo were Special Purpose Ships ($1.43B), Telephones ($192M), Vehicle Parts ($190M), Electricity ($189M), and Blood, antisera, vaccines, toxins and cultures ($180M).
Destinations: In February 2021, Passo Fundo exported mostly to Saudi Arabia ($13.3M), Vietnam ($7.61M), China ($780k), Malaysia ($692k), and Paraguay ($303k), and imported mostly from Argentina ($16.5M), China ($1.15M), Chile ($597k), Paraguay ($308k), and Spain ($211k).
Growth: In February 2021, the decrease in Passo Fundo's year-by-year exports was explained primarily by an decrease in exports to China ($-585M or -41.9%), China ($-245M or -69.2%), and Singapore ($-158M or -99.8%), and product exports decrease in Crude Petroleum ($-1.01B or -52.8%), Soybeans ($-356M or -36.3%), and Soybeans ($-222M or -84.2%). In February 2021, the increase in Passo Fundo's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.11B or 235%), China ($276M or 38.4%), and China ($244M or 45.1%), and product imports increase in Electricity ($188M or 23.6k%), Petroleum Gas ($128M or 5.81M%), and Blood, antisera, vaccines, toxins and cultures ($81.9M or 83.2%).